up next, treasury secretary steven mnuchin backs out. he joins the growing list of business executives who already skipped away if the davos in the desert event. joining jamie dimon, christine lagarde and more. charlie gasparino says wall street may not totally turn its back on the saudis, even with the cloud of a possible murder of a saudi-born man. he breaks it next. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. liz: after days of questions, the trump administration has finally deserted davos in the desert. treasury secretary steven mnuchin had been scheduled up until about 11:29 a.m. eastern for weeks to attend, but then a minute later via twitter, he abandoned plans to attend this saudi conference. of course, he follows, doesn't lead, he follows this who's who list of withdrawals from the country's premier financial event after questions swirl about the crown prince of sa

in a tweet, us treasury secretary steven mnuchin said he will not be attending the event next week.f course a growing list of international leaders and businesses who have pulled out after the country has been accused of killing us —based saudi journalistjamal been accused of killing us —based saudi journalist jamal khashoggi. our business reporter in new york explains why the move is significant. this business summit in saudi arabia gives attendees an opportunity to secure lucrative contracts in the country, so the financial benefit to attending could be quite significant. but in the end there was just too much pressure on people to pull out, including us trade secretary steven mnuchin. this is from france and the uk already had, and big names in america‘s is this community like jamie diamond of jpmorgan chase and bill ford of ford motor company had already said they would not be attending. no one will be going in steven mnuchin‘s place, and this has certainly increased the pressure on any american company thatis pressure on any american company that is still planning to attend. th

steven mnuchin, they're supposed to be deciding friday. he said tomorrow he'll let everyone know tomorrow if he goes or not. do you think he will? >> boy, that is the $64,000 question. i hope he doesn't. i think that that will say a lot if he does go. you know, while i agree with a lot of what david's saying, i have to push back a little bit and say i think our relationship with the saudis has been incredibly dysfunctional. it's a little bit like our relationship with china. each side is getting something. it's not entirely a healthy relationship. we have turned our backs on the way we have allowed the saudis to -- >> i agree with that. >> thomas freeman had a wonderful piece in the "times" about this saying this is a time to say who are we? is this a time when you send somebody into the building with a saw? >> i agree with you. >> if republicans lose control of the house next month, president trump making it clear it won't be his fault. this despite telling voters pretend he's on the ballot. >> and is the deficit still a priority for the

we now have steven mnuchin's withdrawal. what sort of affect is this change of heart?-- you know, steve mnuchin's announcement came after the briefing from mike pompeo. it signals that they don't want to be on the wrong side of this. they want to send the saudi's a certain message. whether that will lead to any cancellation of arms sales, there is a $110 billion deal, trump does not want to do that. a choice.ot have if congress is not backing him, he could find himself in a similar situation to rush over congress passed a bunch of sanctions he could not veto. bloomberg's editor in hong kong. thank you. james bullard believes no need for further increases amid inflation expectations. but governor randall korell took a more hawkish view. >> i think we will follow a gradually increasing path without moving in restricted territory. what the practical implications of that are, are we restrictive, are we not restrictive, that is a function of one's optimism. >> that comes a week after president trump weight in criticizing the fed for going wild over rate increases. we still

treasury department staff advised steven mnuchin china isn't manipulating the yuan.onclusion is accepted by the secretary would avert a trade war. that said, mnuchin still could issue a different finding after the trump administration prepares to issue a report on foreign currencies. in turkey, the outcome of a court drama could make a decision on interest rates two weeks from now a foregone conclusion. a ruling to let andrew brunson tok free would go along way defusing the worst diplomatic crisis in decades twin the u.s. and its nato ally. for the central bank could bring respite to the lira and reduce chances of a rate hike a month after the benchmark was hosted to 24%. the uk's chancellor has underlined the importance of striking in agreement over the leaving that eu. he spoke to bloomberg in bali. deal is partgood of our economic plan for the future. britain's future has to be a skilled economy. it cannot be any other way. that means raising productivity performance. our big challenge is productivity. the good news is we are quite a way behind our fiscal competit

treasury secretary steven mnuchin has become the latest high-profile person to withdraw from next week's saudi investment summit. i guessed better late than never. >> that is exactly what the critics say. there are so many here, of the white house administration and president trump. that is foremost the left, but a growing number of republican senators and house representatives as well as the foreign policy establishment, all critical of the president, of the administration, and of this late reaction of mr. manage and -- mnuchin, saying he will not go next week to the high-profile conference in riyadh. 85% of the compa ceo's and organization representatives have already said they are not going. now the treasury secretary follows suit. that is for many a first good step. brent: the treasury secretary is not going. the u.s. secretary of state mike pompeo has been and has come back and questions still remain. what was the objective of going to saudi arabia? >> you nailed it. that is what everybody is asking here. secretary of state pompeo came back, briefed the press, surprisingly, about hi

treasury department has advised secretary steven mnuchin that china is not manipulating the yuan.e view accepted, it would be a new escalation in the trade war and a relief in the markets. joining me now is julia wang. great to have you. i want to start off with a conversation we had earlier with jacob frankel, j.p. morgan chase is international chairman. he took a pragmatic view as to whether the issue would be added to the plethora of issues that washington now takes with beijing. u.s. dealing with china has had so many issues, especially in the trade area. i really think the u.s., together with europe, should join hands and approach china as a group and deal with the grievances about property rights it -- intellectual property rights. once you do this, it is a much more focused issue. feel thatna doesn't deposition of a currency manipulator. is there anything that has been intervening to try to support that? does it mean it will not happen? julia: based on current criteria, china doesn't really meet those conditions. the treasury could change these criteria, or it could signal

we will hear steven mnuchin's verdict next week. >> you talked about the impact on e.m.'s and the yuan is seen as an anchor currency in asia as well. it could have an impact on the greenback as well. >> absolutely. it's a bit of a debate. the dollar has this tug-of-war. it's a haven currency. investors tend to seek shelter there when markets are under acute stress. if china decides to actually push back and perhaps weakens their currency or strengthens it on the other end, that will clearly have an impact on the dollar, given how important china is in fx markets. is this a signal that the central bank does want to keep stability in the yuan, despite the market turmoil? >> for sure. the pboc's mission is to keep the yuan stable. it would not be a good signal for the chinese economy if the chinese currency was to weaken significantly. that's definite leave the message that markets received, that the pboc is seeking stability. >> thank you so much for that. we await the treasury report. let's get you to "first word news." >> u.s. authorities have opened investigations into w

whether steven mnuchin could have said his attendance was conditional. that gives u.s. companies guidance and direction n. this case none of that happened. >> what was mnuchin's response over the weekend he was here on "squawk box" on friday and said at that point unless other developments kind of came his way, he would still plan on going. >> he continued with that through last evening it has been diluted a bit. we should also say christine lagarde commented on this. >> from the imf. >> she said part of her job and responsibility she felt was to go pulled out. >> she might have it the idea that they're put into the position of dare i say moral leadership or if you want to call it in a vacuum in washington the president did have some tough language in a "60 minutes" interview on saudi arabia and what's happening there i want you to listen to it. >> i think the imf is still in there. >> they're still in there. listen to what trump had to say. frump made these comments, taped, i think, on thursday. this is rf olicking the people of saudi arabia. >> what are your options l

steven mnuchin, all three of them practice the jewish faith so this visit is specially impactful forhem. as they come here to the synagogue, they will be walking past this vigil that has been growing over the last few days that we mentioned. thousands of people have been coming at all hours of the day and at night to come by with songs and prayers, lots of tears being shed as they remember the 11 people who lost their lives. you can see the first lady on the president exiting his motorcade. we will take that in for a moment here. charles, as the president arrives, we can report that he and the first lady will be going into the investable vestibule e synagogue. the synagogue is still a very active crime scene that is being processed. they will be going in there and accompanied by the tree of life synagogue's rabbis, or the president has been in constant touch with over the last few days. we are told that the president and first lady will light a candle there with the rabbis, as well as the investor for the 11 victims that lost their lives in the attack. after that, we are told they wi

they want to get a bit more information before they decide whether or not steven mnuchin is going to pull out of the conference as well. >> martha: we are watching that decision very closely. thank you very much. on the show days ago my guesstimate this prediction about khashoggi's disappearance. >> when they say, here's my cell phone, i'm going into an embassy, it may be problematic for me. if i don't come out, call the president of turkey's office because something bad has happened. at that point, when he didn't emerge, i had a very bad feeling and i'm feeling that's what happened. >> martha: as all this brand-new information comes up, judith miller pulitzer prize-winning investigate of generalist -- i said in the intro this strains credulity. they had set up and down, he left the back door, he escaped earlier in the day. how do they look in the mirror with his new story? >> i think they are waiting to see whether or not this story has legs, whether or not anyone in washington or riyadh or any capital in the world believes this story. because the united states and saudi arabia, off

treasury secretary steven mnuchin joins us shortly but first rich edson with a look at the new deal.president trump threatened to terminate the north american free trade agreement. he has, though mostly in nameplate in the rose garden, the president announced an updated nafta. >> we have successfully completed negotiations on a brand-new deal to terminate and replace nafta and the nafta trade agreements with an incredible new u.s.-mexico candidate agreement. >> usmca, the united states mexico canada agreement. for weeks, it appeared there is no deal would exclude canada. in august, the u.s. and mexico reached an agreement. discussions between the u.s. and canada soured with president trump threatening to leave canada out of any deal and impose tariffs on all auto imports from canada into the u.s. >> the question of nafta and renegotiating nafta has been a challenge in conversations with the president. >> he is a professional, i'm professional. we had very strong conversations. we have a great relationship. >> canada agreed to relax restrictions on u.s. dairy imports. the new agreemen

i know you caught up with steven mnuchin.his morning with the treasury secretary here in bali. we talked about the stock market route. he says there is nothing that has triggered it. there has been no news, nothing fresh for investors to act on. he said after 35 years of heerience in the markets, does not see any reason for surprise. markets go up and down. this is possibly just a correction that was expected or maybe even necessary. see that against previous comments from the administration where they have as ad rising u.s. stocks reflection of the economic agenda that president trump is projecting onto the u.s.. now that they are falling, this is seen as, we should just get used to this. so far he doesn't seem too concerned. we talk a little bit about treasury bond yields. there are no big worries there either. manus: thank you very much. and our team in sydney reporter in bali with the latest on steven mnuchin. let's get your first word news. juliette saly a standing by. juliette: donald trump has said he opposes blocking

and steven mnuchin has announced that he will skip a big saudi investors conference there. what the white house should do next. and former acting i.c.e. director tom homan is with me. he will be talking about the president blaming democrats for the migrant caravan heading our way and threatening to close the southern border of mexico if that country cannot stop that caravan. we will get into it. "outnumbered overtime" on top of the hour, melissa. >> thank you for expressing your first amendment right. >> why do support a man who abuses women? shame on you, ted cruz. shame on you, ted cruz! shame on you, ted cruz! >> marie: that is senator ted cruz harassed at the airport, as there is new -- the minnesota democratic party defending the spokesperson for violence against republicans as two g.o.p. candidates have been assaulted. in nevada democratic operative arrested and charged with battery after the female campaign manager for the republican candidate accused him of grabbing her arm and refusing to let go. kiersten davis and giving fox news what she says are pictures of the

steven mnuchin, the importance of saudi relations even as a chorus of leaders press the key them -- theingdom. outlook is stable. italian bonds may get a boost. budget response will be sent to the eu this morning. ♪ manus: the budget airlines, ryan delivers the first half drop in profit in five years, sticking to the diamonds they took us to a couple of weeks ago billion. it shocked the market and they talk to buy the impact of strikes and the impacts of fuel charges on their business. the numbers, net margin it dives. they have been cutting prices to get people on board. sales are up 8%. the shares are dropping. of course, michael o'leary can put of those strike at ryan air in context later. what does michael have to say about his relationship with the union? his relationship in terms of negotiating. how do you get the customers back on the plane and confident they will fly? o'leary will deliver the answers. nejra, a little bit of breaking news. we have a deal in making. good morning. bloomberg was reported earlier and is combing through that fee chryslerat is -- fi is to merge. they a

the us treasury secretary, steven mnuchin, has held private talks in riyadh with the saudi crown princehammed bin salman, amid continuing controversy over the murder of the journalist, jamal khashoggi. and this story is trending on bbc.com... the world's longest sea bridge is about to open, linking hong kong and macau to mainland china. it cost $20 billion, and took almost a decade to build. you are up to date. stay with us, there will be more from our team on bbc news. and the top story in the uk... theresa may has told mps a deal to leave the eu is 95% agreed, but the issue of the northern ireland border remains unresolved more from me later. but first here is marie kem. chinese stocks have the best day in two years after beijing moved in to reassure i nvesto i’s . two years after beijing moved in to reassure investors. how do you feel about investing in a virtual country which only does good things to the world 7 we which only does good things to the world? we speak to the founders. good morning and welcome to asia business report live from singapore. let's start with the markets bec

this after steven mnuchin with through from an investment conference. matt: let's take a look at futures. we had negative momentum in equities after the drop yesterday. posted its fifth more than 1% moved read down 5%, 6% over the past three weeks. risingn equity futures into the open. the question is, will we gain here after what happened in the u.s. and italy? it has to be said, very dramatic. we haven't seen yields collapse. that money needs to find a home in treasuries. 5%.ere just at 3.2 right now, 3.19%. anna: what role for treasury markets in this route? certainly an ongoing conversation. asia, up 2.8%. interesting to see what happened in asia. something of a firewall put in place. giveoming together to these comforting words, verbal interventions, offering reassurances around the stock market. part ofult, the latter the trading day, things turning around. the equity markets going higher. up on the italy story. the selling of italian five years. selling five-year italian bonds, the yield going higher. spread, widening once again this morning. loo

treasury secretary steven mnuchin even met crown prince mohammed bin salman in riyadh on monday.ut mr mnuchin will no longer be speaking at the investment conference. the chief executives of uber, hsbc and blackrock are among the many to have pulled out of it amid concerns over mr khashoggi's death. meanwhile foreign investors pulled about $1.1bn out of saudi arabian shares last week. that's more than any other week since the stock market was opened to them in 2015. many governments are coming under pressure to reassess their trade ties with saudi arabia including the uk which is the kingdom's second biggest supplier of weapons but the foreign secretary says more clarity is needed. we have an important strategic partnership with saudi arabia involving defence and security cooperation which has saved lives on the streets of britain. we also have a trading partnership that supports thousands of jobs. but a trading partnership that supports thousands ofjobs. but while we want to be thoughtful and consider it our response i have also been clear that if the stories we are reading turn

steven mnuchin is supposed to go. if the saudis are going to come clean that they murdered and butchered a "washington post" columnist, to have government officials go there and grip and grin with the same regime that would do this to one of our colleagues here can't stand. we have to take a stand. i would call on him to not go, government officials, u.s. business officials to not go to this conference in solidarity with what is right, just basically what is right. >> before the news broke this time yesterday, the pred hsiden said he had spoken with king salman, then you saw the president to go on to float the theory about rogue killers. when you first saw the president say that, karen, what were you thinking >> you know, it's unfortunate that he might be helping to run their p.r. campaign and clean-up campaign for them. y i mean, again. it's completely possible that the king had no idea and that -- there was a lot written that he wasn't listening to advice or if he was, he wasn listening to th wrong advice. it just u

the us treasury secretary, steven mnuchin, says the issue of currency needs to be part of future tradeof course there's a growing trade war between washington and beijing. but in the strictest technical definition, is china a money manipulator? the country's central bank's policy on the currency market has been to bolster, not weaken the yuan. jeremy stretch is head of currency strategy at cibc world markets and joins me now. welcome to you, good morning. what are you expecting from this report? well, china has been on what's called a monitoring list for a number of years and that's very much where they are likely to stay. clearly president trump wants to put additional pressure on the chinese, but the evidence doesn't back up the idea that they have been artificially weakening the currency andindeed artificially weakening the currency and indeed evidence would suggest they have been trying to sustain it to prevent it from falling further. so pressure on the chinese, yes, but i don't think the us will go all in and label them a currency manipulator when the report is published. and wha

steven mnuchin is going to join us live from the imf annual meeting in bali.oing to talk about the wild ride in the markets and china's currency then later, earnings season is here we're going to be getting reports from citigroup at 8:00 a.m. "squawk" returns in a moment i think we should do that meeting tomorrow. well wait. what did you think about her? it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. -that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies lead with digital. get ready, because we're helping leading companies something is transforming and our world.. it's the longevity economy - americans 50+ driving 7.6 trillion dollars... of economic activity every year. right before our e

steven mnuchin flew to react with talks with the crown -- with the crown prince. a tweeted a photo of them saying they stress the importance of the two countries strategic partnership. mitigation proceeded with the meeting even after leaders distance themselves over his murder. president trump wants to end aid to honduras, guatemala, and el salvador as thousands of migrants walk north toward the united states. is trying to make documented integration -- undocumented immigration and blames the caravan on the democrats get the president may struggle to cut aid, much of the money is for anticorruption and good governance programs which have broad support in congress. u.s. national security adviser john bolton is in moscow to explain why president trump wants to abandon a 30-year-old arms treaty. members of the russian security council and will have talks with president putin on tuesday. moscow says it is disappointed that trump wants to drop the deal on intermediate range missiles and denies it has been developing rockets in violation of the treaty. global news, 24 h

regarding secretary steven mnuchin, at the moment, he is scheduled to go to a meeting.hat meeting by the way, is about terrorist financing and how to stop it. a very important meeting. buthe too , like president will want to see how things go in the investigation or the general investigation of the tragedy. before he makes a final decision. >>chris: in the interview on 60 minutes tonight, president trump says if it turns out that he was murdered by the saudis, there will be serious consequences to take a look at this clip. >> may be especially so because this man was a reporter. you'll be surprised to hear me say that. there's something really terrible and disgusting about that, if that were the case. we'll have tosee. we will are going to get to the bottom of it and there will be severe punishment. >>chris: the question is, what kind of severe punishment if the arms sale is off the table. and the president has made it clear he intends to go through that . what can you do? >> chris, look, as in every case when the president speaks. when the president warns, people shoul

in two great flavors. >> hi, everyone, i'm dana perino, treasury secretary steven mnuchin is not goingbia for the high-profile investor markets. and what do you think is a top issue for voters since november? the answer may surprise you. which races are tightening and why all on "the daily briefing." >> harris: a new arrest in the trump administration's crackdown on leakers, other key figures in the robert mueller investigation. judge andrew napolitano is back. what's at stake and why do we care? >> this former treasury department official is accused of leaking to buzz feed, a well-known web site that likes to expose these things, the private financial information of paul manafort, rick gates and this russian lady whose name is escaping me. all three of them have been indicted, the russian ladies case hasn't come to trial yet. she revealed something called a suspicious activity report, reports made by the bank when they think something is odd in your account. it can be perfectly lawful but they think it's odd. in the report is personal banking information and there were many of these r

steven mnuchin said his department would watch the yuan closely after its recent slide.rmer u.s. deputy ambassador told bloomberg that tensions between the two countries are still high. >> i don't think anyone expected china to be named, particularly given the strict criteria in the statute for naming any country. that doesn't mean there is no trade tensions between the u.s. and china. in some ways, china dots of a lit with this report. juliette: officials have stepped deeper into a debate over how high to push interest rates. a majority favor a temporary move about the neutral rates. the views became amidst recent projections. global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm juliette saly. this is bloomberg. state,e: as secretary of mike pompeo returns from his trip to saudi arabia and turkey, donald trump has warned about putting the u.s. at risk over the journalist crisis. >> saudi arabia has been a very important ally of us in the middle east. we are stopping iran. dealok

treasury secretary steven mnuchin said thursday he will not attend the weeks future investment initiative summit in saudi arabia. dozens of others have also pulled out of the event, including the heads of the world bank and the imf, top executives from j.p. morgan chase, uber, blackstone, and "the new york times" and every other major western news media organization. meanwhile, also in turkey, it is believed that there was a car accident in one of the 15 hitmen was killed. we will have more on the latest of jamal khashoggi after headlines. at a rally in montana thursday, president trump praised montana congressman greg gianforte for physically assaulting a reporter. pres. trumump: greg is s smart. and d by the way, , never wreree him. never. any guy thatat can do a aody sl, he is my kind of g.. he is my guyuy. amy: last year, gianforte body-slammed the guardian reporter ben jacobs after he asked gianforte a question about the republicans' healthcare proposal. this is the audio jacobs captured of the attack. >> i will talk to about that later. i am sick and tired of you guys. the last guy

meanwhile in riyadh, treasury secretary steven mnuchin met with saudi arabia's crown prince mohammed bin salman monday despite international outcry over khashoggi's murder. mnuchin's trip came as the trump administration sent cia director gina haspel l to istanbul. in more news from riyadh, hackers briefly took over the official website for saudi arabia's future investment initiative, also known as davos in the desert, as organizers prepared to host the high profile event amid international outcry over jamal khashoggi's murder. the hackers posted a doctored image of khashoggi wearing an orange jumpsuit, with saudi crown prince mohammed bin salman standing behind him holding a bloody sword. bin salman has the letters isis written on his clothing. this month, the heads of the world bank and imf joined a boycott of the conference after top executives from jpmorgan chase, uber, ford, blackstone group, siemens, "the new york times," and every other major western news media organization pulled out. the trump administration had said mnuchin, the treasury secretary, would also pull out of th

but also, it's decision time here, because of course, we're still waiting to find out what steven mnuchin is going to do. he's scheduled to go to the investment conference in riyadh and he's scheduled to leave for it tomorrow. so today, we're expecting to hear some kind of decision whether or not they have made the decision if he's still going to go, because we know they were still planning on it, but also overall, what is the administration's response going to be to this now that intelligence is increasingly pointing to the fact not only are the saudis responsible, but the crown prince and king may have authorized it. those are the questions we're waiting to see whether or not president trump decides to take a hard-line stance on this or continue with the delay method is still to be determined. hopefully we'll find out soon when we see the president and mike pompeo if we do in the next hour. >> thanks very much. >> let's go to ben wedeman who joins us in istanbul. ben, let's talk about what we have seen from the turks in terms of this investigation. we have some new photos that have been

several american companies and ceos have already pulled out of the mounting calls for steven mnuchin to do the same. president trump says they are waiting to make a final decision until they know more and that should be taking place sometime later this week. >> shannon: kristin fisher, thank you. let's get reaction from former cia station chief fox news contributor daniel hoffman. great to have you with us. what does it say to you, these allegations that there is going to be a story or they are considering a story line in which this was an actor who did not have direct orders to carry out a killing of khashoggi but maybe had some direction to detain him, interrogate him, get him back to saudi arabia. >> we are waiting for the report to be issued from the saudis. the turks apparently have conducted some forensics in the conflict. there are still so many unanswered questions. we know 15 saudis traveled to turkey and they apparently enter the consulate, traveled in a gulfstream plane. the turks have published the names and photos of these in visuals. we don't know who gave the orders fo

. >> stocks are lower after's steven mnuchin has decided that he will not attend the initiative -- saudi arabia initiative next week. mike pompeo following his trip , when he saida that we need to give saudi arabia a couple of days to figure out what has happened to the saudi journalist. it is not going away is it? >> no. evidence continues to mount that the saudi government has been involved in some way. what you are seeing is a cost free way for the u.s. to express some disappointment or concern with saudi officials. this may be less an action that demonstrates that saudi arabia will be facing consequences. are waiting -- it should be any minute now. we are expecting a moderate slowdown. percent. half what you take on these numbers? >> it's what the market expected. it will weigh on the sentiment of it. numbers we were -- a lot of pressure to improve. domestic demand indicators that we support these matters. what do we do today to try to do gender some calm? on specifics the regulators they are going to allow some insurance to sell some products. they are urging banks to politically de

treasury secretary steven mnuchin, whose department stilles u.s. sanctions, plans to attend, despite cynicism from both parties. -- criticism from both parties. we will have more after the headlines. in yemen, at least 19 people were killed and another 30 people injured saturday, as a u.s.-backed saudi-led d rstrike , , struck a convoy of buses ful of civilians fleeing an assault on y yemen's port city of hodei. among the dead were women and children, including five members ofof the same family. a similar u.s.-backed assault on yemen in august killed 51 people, including 40 children. e united nations has warnened the saudi-leled bombing mpaiaign has brought 13 million people to the brink of starvation, as yemen's fofood crisis coululd sn become the world's worst famine in a century. back in the united states, president trump is traveling to georgia and florida today to tour devastation l left behind afafter hurricane michaeael hite florida panhandle as one of the most powerful storms ever to strike the u.s. mainland. the hurricane left 13 people de

can congress say no to government officials going like steven mnuchin? >> i don't know if congress has the authority to prevent the secretary treasury from going. we can certainly write to him and urge not to go. and i think common sense on his part should leave him to cancel the trip. look, it is not a controversial statement for the united states to stand up for an american thedent who is engaged in freedom of press, the freedom of expression, and is being brutally murdered at a consulate, a place that is supposed to be safe. this should not be a partisan issue. i was encouraged that even senator bob corker raise the question that are on so many minds, why do we need saudi arabia? saudi arabia is overestimating the strategic importance for the united states. i think this incident has forced a re-examination. and will we look deeper, we're going to see the extraordinary barbarity and the killing of civilians the saudi government has been engaged in an yemen. amy: trump just said "the king needs us." but you have this growing number of republicans, like

the ceo of uber, jpmorgan chase, jamie dimon, treasury secretary, steven mnuchin is still scheduled to go. they may re-assess that later on this week depending on what the outcome of the investigation is. we don't know that the saudis are waiting for mike pompeo to get on the ground into riyadh before saying anything. the momentum of all the rumors and reports coming out of turkey and saudi arabia will force them to say something. we'll be watching very closely. there may be something coming from the saw dis. >> neil: thank you very much, john. the president of the united states has now landed at robbins air force base. he is also touring the hurricane damage there. he might talk to reporters or we might pick up audio addressing some of these latest issues, including reports that the saudis might be making a statement. there is no way to tell. let's get the read on all of this. rebecca hinrich from the hudson institute. at the very least, it complicates things in our relationship. how badly do you think? >> this is to be determined. i any think it is important to keep in mind that all

mnuchin have opted out. >>> meantime, netflix plans to borrow another $2 billion to help pay for itsogramming. the move is not a surprise. next flicks says its original series like "house of rds the reason it signed up millions of new subscribers the past five years. the video-streaming service has spent more than it's taken in since it started, producing its own shows in 2013. but netflix has gained nearly 100 million subscribers since then, including seven million in the last quarter. >>> the price of air travel is likely to increase due in part to the cruise ship industry. according to the "wall street journal," cruise ship owners are expected to switch next year to cleaner diesel fuel. the price of jet fuel is tied to diesel prices, in part usually selling for a few cents more a gallon. the surge in demand for diesel fuel will mean a price increase which affects jet fuel, and in the end, possibly the price of an airline ticket. >> book your vacations now then. >> exactly. that's right. get in front of this. >> right. diane king hall at the new york stock exchange. thanks a lot. >

the us treasury secretary, steven mnuchin, has held private talks in riyadh with the saudi crown prince, mohammed bin salman, amid continuing international concerns over saudi involvement in the murder of the journalist jamal khashoggi. turkey says it will reveal the details of the killing later on tuesday. donald trump has threatened to boost his country's nuclear forces to compel russia to abide by an arms control treaty which he has said he plans to quit. mr trump told reporters that the united states would build up its nuclear arsenal until russia came to its senses. the longest sea bridge in the world has opened with a ceremony which the chinese president, xijinping, has attended. the $20 billion project, which combines bridges and an undersea tunnel, links hong kong and the macau peninsula to mainland china. a man has pleaded guilty to murdering samantha eastwood, a 28—year—old midwife who was found buried in a shallow grave in staffordshire in august. michael stirling, who is related to miss eastwood's ex—fiance, denied that her murder had been premeditated. here is our midlands

treasury secretary steven mnuchin.oomberg the wasn't particularly surprising given recent strong stock performance and solid fundamentals. joining us now is jodi schneider in hong kong, bloomberg senior international editor. still with us, peter schaffrik at rbc europe. it is not unusual to hear this thing from the treasury secretary. you wouldn't expect a government official to tell you it is a complete catastrophe and you should run and hide. there seems to be a concerted effort across the administration to reinsurer investors. jodi: that's right. its not that surprising. the words might have been a little surprising, but it is certainly something we have heard from treasury secretaries in the past. was surprising was president trump's comments about the fed being loco and crazy. we heard christine lagarde push back and say she doesn't see much craziness out of jay powell, but the concerted attack on the fed by the sitting president of the united states and also trying to deflect attention from the administration and

the us treasury secretary, steven mnuchin, also pulled out, as did the french and dutch finance ministersse very seriously, but was willing to give saudi arabia time to investigate and explain. i told president trump this morning that we ought to give them a few more days to complete that, so that we, too, have a complete understanding of the facts surrounding that. at which point, we can make decisions about how or if the united states should respond. it's now more than two weeks since jamal khashoggi entered his country's consulate in istanbul and was never seen again. turkish police are investigating claims he was tortured and dismembered by saudi agents. mr khashoggi's friends say he had been warned not to go to the saudi consulate. they believe his death was state sanctioned. this operation within the space of state space and governmental space of the consulate, and doing this in such an organisation, it's a very anonymous organisation, which cannot be carried out without the permission of any higher authority. it needs higher authorities. britain has a significant trade and security

>> i want to touch on 1. >> steven mnuchin point was that the u.s. has pioneered the policy here, that we have classified exchanges as many services businesses and will require information from the producing we don't want the rest of the world to not follow suit. his reference to swiss banks was basically saying hey, switzerland, you should follow our lead. >> thank you both, and just a reference, mr. van valkenburg, and headed to the nascar race in talladega this we can all make sure they're not running moonshine around the track not too much moonshine. >> thank you. >> senator toomey. >> thanks, senator brown. thanks to both of you for being here. this is very helpful discussion. seems to me i suppose have feature some incredible scams. there some very obvious, the volatility of bitcoin has been breathtaking. on the other hand, central banks over time have had the greatest record of preserving the value of an beating exchange that they are responsible for. we discussed friction in the payment systems that we have now, and i think fintech as offerin

this is a tweet from us treasury secretary steven mnuchin.out this, an event that has been dubbed davos in the desert. companies and politicians from round the world were scheduled to come. less so now, that's because of the disappearance of the saudi journalist jamal khashoggi. the washington post has published what it says is his last column. it's headlined, "what the arab world needs most is free expression." at the top of it is a note from the opinions editor karen attiah, saying... she spoke to the bbc earlier. he can't see how much of an impact his pieces already having around the world, translating into arabic, seeing that it is spiking in traffic on our side right now. this is the exact audience he wanted to reach. in some ways, this was his dream. and i'm heartbroken that he is not here to see it. mr khashoggi walked into the saudi consulate in istanbul more than two weeks ago. he hasn't been heard from since. turkish officials say they have evidence he was killed. here's mark lowen in istanbul. details have been leaked from them ove

the treasury department is said to think not, but steven mnuchin can take otherwise. we talk trade war, global growth, and conditions with the finance minister of new zealand. ♪ francine: welcome to bloomberg surveillance. i'm francine lacqua in london. getting news out of the iea, cutting oil demand forecast. still seeing prices high. we did speak to the bureau earlier on this week. coming up, we have another conversation about oil demand and what that means for traders whether oil should go to 100 barrels or not. 14, othere 81 of story is market sentiment in general. we saw a second day of route. today, things are setting a touch. looking at the stoxx 600, beginning from 0.8%. of it of a bounceback in asian. 10-year gilts stable at 3.17. also coming up, we'll bring you our interview with the u.k. chancellor. we'll talk pound and brexit. let's get straight to first word news with the sebastian salek. he won't fire fed chair jay powell. he blames "out of control central bank" for the selloff. he claims he knows monetary policy better than powell and his team and says

that's as maybe, but today the us treasury secretary, steven mnuchin, became the latest pull—out.his is significant because that's the first direct action sanctioned by the president in the wake of this macabre killing. though secretary of state pompeo was still saying the saudis needed more time. i told president trump this morning that we are to give them a few more days to complete that, so that we too have complete understanding of the facts surrounding that, at which point we can make decisions about how or if the united states should respond to the incident surrounding mr khashoggi. but from the president, the language seems to be toughening, as more is discovered. reporter: what are you considering for possible consequences for the saudis based on those...? well, it'll have to be very severe. i mean, it's bad, bad stuff. investigators have been back at the consulate in istanbul continuing their forensic examination of the building. meanwhile, the washington post has printed the saudi journalist's final column, with its clarion call for press freedom in the middle east. in t

but steven mnuchin, the us treasury secretary, still plans to attend.poke to barbara plett usher in washington. i put it to her that american business is moving faster than american politics. i think you are right. there have been another senior business leaders, corporate leaders, pulling out of that investment conference in saudi arabia, and there have been report in washington that lobbying firms that have saudi arabia as a client had severed contracts so saudi arabia is beginning to look a bit toxic in terms of investment, at least it will until it becomes clear what happened. this is very important to mohammed bin salman, he has really wanted foreign investment and he tried hard to get businesses to invest in saudi arabia and he promised investment here so that will be something he notices for certain. the statement that has been released by the state department on this issue, it is the secretary and the crown prince agreed on the importance of a timely and thorough investigation that provides answers. it is not say anything stronger than that, tho

us treasury secretary steven mnuchin will still go but may change his mind if more details emerge. al qudaihi from bbc arabic explains how they got the story. the bbc has interviewed turan kislakci, the head the video has allegedly been seen by several turkish journalists. it is not only one source. other sources have confirmed the existence of these. they also said the videos will be released in two or three days. the bbc has interviewed turan kislakci, the head of the turkish arab media association. he says the turkish government claims the evidence is extremely compelling. ian black is a senior visiting fellow at the middle east centre at the london school of economics. he said the pressure on saudi arabia to co—operate in an investigation is building. the saudi reaction of silence to all these leaks the saudi reaction of silence to all these lea ks and the saudi reaction of silence to all these leaks and rumours and reports that we have been hearing now for close to ten days, it is just not going to work. we are going to have to, in the light of the international interest in th

treasury secretary steven mnuchin, scheduled to attend a financial summit in saudi arabia next week pulled out, writing on twitter, "just met with president trump and secretary of state mike pompeo, and we have decided i will not be participating." pompeo, who traveled to saudi arabia and turkey earlier this week, briefed the president on the ongoing investigations. >> i told president trump this morning that we ought to give them a few more days to complete that so that we, too, have a complete understanding of the facts surrounding that. >> reporter: in istanbul, investigators expanded their search, entering the consulate for the second time today, as well as the saudi consul's residence. they're also reportedly searching a large forest in the city. turkish media claims this surveillance photo could be a key piece of the puzzle, identifying the man as maher abdulaziz mutreb, an intelligence officer in saudi crown prince mohammed bin salman's inner circle. khashoggi, a critic of the crown prince, entered the saudi consulate in istanbul on october 2 and has not been seen since. mutreb ente